In spite of the bad news from Italy, major U.K. banks are rallying strongly today, perhaps...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

In spite of the bad news from Italy, major U.K. banks are rallying strongly today, perhaps bolstered by Lloyd's (LYG +6.7%) deal on Thursday to sell $1.75B in distressed loan assets. RBS +9.3%. BCS +5.4%. Their American counterparts aren't doing too badly either. GS +2.1%. MS +2.8%. BAC +2.4%. C +2.6%. WFC +1.9%.